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America 2, Us 2, U.s. 2, Clinton 2, Benghazi 1, Pakistan 1, Vicki 1, Stevens 1, Korea 1, San Francisco 1, Morgan 1, Catrina 1, Kelly Wright 1, Goyce 1, New York New York City 1, Colby 1, New York City 1, Al Qaeda 1, Preprojected 1, Bloomburg 1,
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  FOX News    Forbes on FOX    News/Business. Financial analysts  
   offer advice on the markets. New. (CC)  

    December 8, 2012
    8:00 - 8:30am PST  

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for me i like ford motor. i am awed by the management team of this company. they are a steam roller of innovation and stream lining and incredibly good design that can compete with anything in jap jap and korea. an amazing company. >> i want to thank you all. don't forget our special on sunday night. watch with your kids and grand kids. look back when you can do anything. david asbin with forbes on fox. >> unemployment nbc are coming down, why are the number of americans on food stamps going up? fren million americans receivinglet benefit, is it because government officials are constantly promoting it i am dave asbin. go in focus with victoria and rich and rick and john and, john why are food stamps going
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up if unemployment is going down. >> the unemployment rate is high and that obcures a people who left the work force altogether that are not counted. as for politicians encouraging that, that is a horrifying notion . the idea of going on food stamps is something that should be so painful we only go on them a brief time so there is an incentive to go back if the work force. >> rick, you have all of the ads and i hear four of them every hour and government volunteers specifically going out to encourage people to get food stamps . there is it a big push to get people on food stamps. >> i don't think it is it promoting the food stamps but getting information to people who need them so they know they are there to get them. i think there is a lot taking
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place that we need to recognize. we have surprisingly good news on unemployment. there will be i lag for that and witching off food stamps and get back to work. >> victoria 15 million more people on food stamps than four years ago. >> the scary thing to me, it is building over the last decade. we can talk about it as a phenom nan of the recession. but under president bush and president obama, we have seen a rise in the food stamp program, it is so large it is supporting a large bureaucracy that wants to fuel the growth. four billion in administrative costs. they don't want to lose their jobs either. >> victoria brings up a point. there is it a industry of bureaucracy that is created around all of these poverty
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programs. not just food stamps. if you add up all of the poverty programs excluding social security. it comes up to $22000 for every poor person in america. why not just get rid of the bureaucracy and cut them a check. >> we could have a great idea and debate. going back to food stamps and the idea of government promoting that. we have a farm bill that proposes four billion in cuts to the food stamp and the agricultural committee chair woman said they would be more open to cutting back more. >> rich, i see all of the advertising of the government to put people on food stamps and 15 million more people on food stamps after that government program, isn't there a relationship there? >> there is . victoria properly stribes something that you call the
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welfare industrial complex. it gets to a certain size and looks on behalf of itself and that is a bad thing. we have another crisis here that is related. we have a growth crisis. we are growing at two percent and should be growing at four percent annually and right tax and regulatory policy to liberate job creators to do that i don't think we would have a food stamp crisis. >> i think think all of us could agree. that is keeping poor people poor because they are pushing welfare programs. >>, you shouldn't be shocked with the bureaucracy and advertising in promotion to justify. >> hold on, it is it shocking. it is shocking that government officials would want to keep people poor. >> but let me give you an example and this goes back a few years and a narrow casting example.
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but the new york city subway used to have posters written in spanish advertising a gay, lesbian domestic violence hot line. that's how fine grained it get in new york new york city on the subway pushing welfare programs. it informs and pushes them. >> but getting back to the poverty program and they're pushing food stamps and welfare programs and they have a tendency to keep poor people poor. once you are on the dole it is hard tore get off. >> it is. incentives are wrong. they encourage people to stay on it. it is it a growth crisis. economic growth is easy and if we get the policies right, a lot of these people get off of it and i agree with victoria that we have a welfare industrial complex. and in order to keep these people on food stamps, we got
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to -- >> and creating a sense of depeppedency from fdr and bill clinton and senators . this is not just republicans and conservatives. >> that is it a valid. if you want to reform welfare to resolve the problems that you are raising. they are valid problems . we will not mix it up by condemning people who need help right now because times are bad. people need to feed their families. >> but victoria. are we advocating policiless that keep poor people poor? >> i think we are. rick to your point about families. the obama stimulus plan made it easier for childless jobless people to get on the food stamp program. we should revisit that now.
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the scary fact. looking at a 30 year period. only two presidents that have reduced the anticipation rate of the food stamp is clinton, bless his heart and reagan: >> when you look at what this particular administration has done a. you can see a lot of policiless to dismantle the attempt to get back to work fare that we saw in the clinton administration, right? >> yeah, but victoria's point about reagan and clinton. we had economic growth then because government was not eating up everything. incentives were better aligned for business people to create jobs. i believe in the old parable it is better to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and
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families and schools are not doing that. >> i don't think the government ads are doing it either. >> taking a hit for hitting the health care law. >> the name behind red lobster could have you paying up even more. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪
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>> fox news alert. i am jame i colby. u.s. drone strike dealing a major blow to al qaeda. a senior al qaeda commander was killed in a hide out in northwest pakistan near the afghan border. he was seen as a successor to the entire organization. 10 others were kill would in the attack. secretary of state hillary clinton will testify before the senate foreign relations committee about the benghazi attack.
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it was the attack that left ambassador stevens and three others dead. she agreed to testify before the house foreign affairs committee and i am jamie colby and i will see you with kelly wright and right here on fox. have a great day, everybody. your latest headlines always at fox news.com. >> a business hit for speaking your mind about obama care. warning that their earnings are take a hit because the bad press press they got. victorias job creators can't afford to stay quiet. >> it is it a frightening society. one where business owners can't speak their mind and say taxes do hit their bottom line and yes, they may not hire because of higher tax and health dare costs or put
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workers on part-time instead of full-time. we want to know it is going on i doubt it is hurting their earnings. i don't think the back lash is that large. everyone should be allowed to speak their mind. that is it a healthy flourishing democracy. >> it is not like they are being sensor accord toth ceo's. there is a lot of bad publicity here. >> my heart testimonies me to agree with vicki, but my mind said ceo's have a first duty to increase the value of the company for the shareholders . so they can't do anything and it is irresponsible and putting out political opinions, if it is going to cause damage to the value of the company is wrong thing to do. if they have strong opinions on the subject. other ways that a ceo of a publicly traded company can
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community. >> but john, the frustrations that business have with obama care is driving them nuts this is one of the aspects of obama care and the tax inplications that businesses have to dole with. i have gone through these things it is minuet. you need a stack of accountants to understand this stuff. >> ceo's work for shareholders. i think in this case speaking out against obama care which is a substantial costs that weigh on profits is something they should do. it is proprofit to talk about a law to let the nation know and lawmakers know what will cut in profits and so in this case, i think they should speak out. i question whether lower sales are relate to obama care. >> that's what they are saying. the hit they took from the press about critizing obama care led to people not frequenting their restaurants. john and i could mike a point
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of buying humus from whole food because we support the libitarian views of the chairman. but there is it the guy who applied the pizza topping voted republican once. let's boycott it it cuts both ways. >> by the way morgan, it is not only olive garden but papa john. >> bad press is bad for business. the ceo came out and said obama care would lead to 14 cents more per pie and one of our reporters did the math metics and found it was four cents a pie . since then. since then, the ceo back tracked and it makes the company look silly and greed. we are seeing that blow back. >> but the president said it
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was not going to cost a dime but aparently it is. >> hold on, rick. >> guys, with all due respect everyone of you missing the point. people are not angry about what they are saying, they are angry about what the ceo's are doing. was not saying we lost money because we said the wrong their customers got upset they were trying to take out their corporate responsibility by hurting the workers. customers are working people in this country. we'll not let them get away with it. >> working people working for the companies that are worried about their jobs because of the tax implications of obama care. >> rick, if they had done it elegantly and say we'll have to do a surcharge on every bill which does happen in san francisco. >> very, very different issue. every bill has a nice
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surcharge on it you would have had a similar back lash. why are you trying to charge me more? >> they are not paid to be eloquent. they're paid to do the work and sometimes it doesn't come across as well but they were talking about the bottom line. i thought they were within their rights and don't you. >> they are within their rights, but is it the wise thing to do? if you are the sole owner and pren pren and shareholder, go for it and talk about how 28 hours is the new 40 and as they cut the hours back so they don't expose people to increased health care costs. but if you are a ceo and other shareholders own 98 percent. >> and john, what d about that? they are public corporations and not private companies that they are in charge of. is that a problem. a public corporation ceo saying this. >> i think it is it. whether republican or democratic or whatever your
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ideology. it is it acknowledged that rules and regulations are costs and imposed on business. they are in business for profits and within the rights of the ceo to point out what is going to crimps for businesses going forward. obama care will. >> first and last word from john standep. imagine sitting down in person with hero after hero. men who risked everything for a chance to discover their own. and put america ahead . men who never fail to inspire. ahead of the 40th anniversary of the last moonwalk neal got that challenge . it is tomorrow on fox news channel. never before seen footage from space. you don't want to miss >> coming up. saving taxpayer cash by bumping up the hours for government workerings.
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we'll explain. >> the elephant in the room that needs to be spoken about is impact of climate change. we need to rebuild and rethink our infrastructure. >> hurricane sandy victims are still in the cold. are lawmakers using the super storm to push the green agenda and push you to pay more. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery.
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>> climate change is a city wide challenge and not just a
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coastal challenge. we have to reexamine all of our major infrastructure in leist sandy and how to modernize it in order to protect it >> new york city mike bloomburg not mincing words linking sandep to global warming. rich, you are concerned that they will use it to spend money. >> ralm emmanuel had a famous phrase working with president obama. never let a crisis go to waste. how do you turn it in to a political advantage. anybody can go on google and ask the question of how much has the planet warmed up. 1.3 degrees faren heit and nothing since 1998 . so to blame sandy on global warming is a real stretch . >> also unseemly about talking about spending money and sandy victims are in the cold now.
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>> goyce, all the mayor is saying. there is not a government conspiracy behind everything people do. he said we will have to rebuild in the areas that were destroy do it sensibly and as we have more storms that are being preprojected we'll not have to rebuild every time. i don't understand why you have objection. >> because the pime need all of our attention and they are suffering in the cold because of sandy. we shouldn't be talking about global warming but how to help them in the cold. >> it is it a cynicical act. war is the health of the state and national are the statates oxygen. reality climate is constantly changing and using that as an excuse to get another stimulus program in a tough economy is not wrong, but cruel . i am surprised rick would g.
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actually not very surprised. >> victoria, what do you think about this? bloomburg is it trying to be some what sensible in saying we have to build and be smart about it i have no doubt that politicians including bloomburg will use it as a climate change moment and ask for funds toward research and building ways . part of us say yes, we should be smart next time we build and looking at hurricanes in the 1600's, you wouldn't think it is a safe place to live, right. >> it has been doing pretty well. >> and bill, the fact is, from catrina, and in 2005 to sandy, 7 years later, it was one of the lowest incidents of hurricanes in the u.s. history . then you have a super storm and we'll say it was a trend. it was not a trend. >> it may not be a factual
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trend but it is politicalal and sandy will turn it into a carbon tax. they use disasters to increase revenue. >> journalist do it >> but there is it a lot more talk about a carbon tax. >> no. >> gang, thank you . we'll have more coming up. forget buying gadgets like these for christmas. tech stocks sliding. we have the bet on sale . more to stuff your stockings, that's next . you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪
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apple and other tech giants went down this week. right. >> they are poise to benefit from obama care and states filled out health care exchanges. >> good company and morally bad because they are enabling big government. >>

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